Michael Metcalfe, global head of macro strategy at State Street Global Markets, analyses the Federal Reserve's decision to leave rates unchanged. » Read More
DETROIT-- The union representing Detroit Water and Sewerage workers says a five-day strike has ended and that 36 employees fired for walking out will get their jobs back. American Federation of State County and Municipal Employees Local 207 said in a statement Thursday that its executive board voted to end the strike after negotiations with management.
Benchmark oil closed down $1.83 to $89.88 per barrel in New York. But those extra commuters might not budge the needle on gas demand, which was down 2.5 percent from a year earlier in the four weeks ended Sept. 28, according to Energy Department figures released Wednesday.
NEW YORK, Oct 5- A measure of future U.S. economic expansion eased modestly last week though the annualized growth rate continued to climb, a research group said on Friday.
LOUISVILLE, Ky.-- Analysts following Yum Brands Inc. will be looking for signs of a profit rebound in the fast-food restaurant's key China operations when the owner of the Taco Bell, Pizza Hut and KFC chains reports third-quarter results after the markets close on Tuesday.
TALLAHASSEE, Fla.-- A law letting utilities charge customers now for future nuclear reactors even if they never get built fails to provide regulators with "adult supervision," a lawyer told the Florida Supreme Court on Thursday.
NEW YORK, Oct 5- U.S. natural gas futures mostly edged up slightly on Friday, backed by cold U.S. weather forecasts for the next week that should stir more demand despite early pressure from Thursday's bearish weekly inventory report and a mild mid-month outlook. I don't see how you get bullish here, "a Texas- based cash trader said.
NORFOLK, Va.-- Virginia International Terminals Inc. defended its record as the operator for the Virginia Port Authority on Thursday, saying its past success is irrefutable. The state created Virginia International Terminals in 1983.. VIT promotes Virginia and Virginia only, "said Joseph Ruddy, executive vice president for Virginia International Terminals.
NEW YORK, Oct 5- U.S. The U.S. Labor Department said the unemployment rate fell to 7.8 percent in September from 8.1 percent in August, compared with economists' expectations for the jobless rate to rise to 8.2 percent. "Treasuries sank after the jobs report," said Cary Leahey, economist and senior advisor to Decision Economics in New York. "
WASHINGTON-- Republican presidential nominee Mitt Romney is shifting sharply to the political center as he begins to deliver a closing argument aimed at a slice of moderate, undecided voters a month before Election Day.
NEW YORK, Oct 5- The Federal Reserve on Friday was selling on the open market U.S. Treasuries maturing February 2013 through February 2014, the New York Fed said on its website. The Fed previously said it intended to sell $7 billion to $8 billion of short-dated Treasuries on Friday.
LONDON, Oct 5- Britain's grid operator said the lights would stay on in the UK in the event of the closure of the Strait of Hormuz, a key shipping route for liquefied natural gas from the largest exporter Qatar which supplies nearly all of Britain's LNG.
NEW YORK-- The psychological thriller "Rebecca" was a hit for author Daphne du Maurier and filmmaker Alfred Hitchcock.
FISHERSVILLE, Va.-- Republican presidential candidate Mitt Romney has described his disparaging remarks about the 47 percent of Americans who don't pay federal income taxes as "not elegantly stated." Now he's calling them "just completely wrong."
MINNEAPOLIS-- The drought keeps getting deeper across Minnesota. The driest parts of the state include several counties in northwestern Minnesota and several counties from southwestern to south-central Minnesota.
PHOENIX-- Arizona motorists are paying less at the pump again this week. Tucson has the lowest average gasoline price in Arizona at $3.52 a gallon while Flagstaff has the highest at $3.88. South Carolina has the lowest average gas prices in the continental U.S. at $3.49 a gallon with California having the highest at $4.31 a gallon.
IRVING, Texas-- Regular unleaded gasoline prices in Texas have fallen by an average of 4 cents to $3.54 per gallon in the weekly AAA Texas Weekend Gas Watch survey. The state's cheapest gasoline is found in Fort Worth, where the average price fell a nickel to $3.47 per gallon.
LOS ANGELES-- A film dramatizing the death of Osama bin Laden is set to debut next month on the National Geographic Channel, two days before the presidential election. "Seal Team Six: The Raid on Osama bin Laden," from The Weinstein Co. and Voltage Pictures, will air Sunday, Nov. 4, the channel said Thursday.
PROVIDENCE, R.I.-- Financial oversight at the Rhode Island Public Transit Authority was so poor that the agency would pay bills without first checking to see if it could cover the expenses, a state police officer tapped to overhaul the troubled agency's operations said.
--Houston- based McJunkin Red Man Corp. is seeking to issue a $750 million term loan due 2019 and plans to use proceeds to refinance existing debt. Rating Action On Oct. 5, 2012, Standard& Poor's Rating Services revised its rating outlook on McJunkin Red Man Corp. to positive from stable and affirmed the' B+' corporate credit rating on the company.
BRUSSELS, Oct 5- The European Union has closed investigations into whether the United States illegally subsidised and dumped bioethanol on the European market, finding no evidence of such moves, according to documents seen by Reuters.